The coronavirus (covid-19) pandemic has had serious economic impact on the residential housing market. According to the forecast, house price growth in London is going to suffer a decline in 2020. The rental market is less prone to price volatility. With the strength of London's incomes and employment, rents in 2020 are forecast to fall one percent, followed by an increase of 6.5 percent.
Annual price change rate forecast of rentals in London from 2020 to 2024
The source adds the following information: "These forecasts apply to average prices in the secondhand market. New build values may not move at the same rate"
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Savills. (June 16, 2020). Annual price change rate forecast of rentals in London from 2020 to 2024 [Graph]. In Statista. Retrieved July 03, 2022, from https://www.statista.com/statistics/788512/rental-price-growth-forecast-london/
Savills. "Annual price change rate forecast of rentals in London from 2020 to 2024." Chart. June 16, 2020. Statista. Accessed July 03, 2022. https://www.statista.com/statistics/788512/rental-price-growth-forecast-london/
Savills. (2020). Annual price change rate forecast of rentals in London from 2020 to 2024. Statista. Statista Inc.. Accessed: July 03, 2022. https://www.statista.com/statistics/788512/rental-price-growth-forecast-london/
Savills. "Annual Price Change Rate Forecast of Rentals in London from 2020 to 2024." Statista, Statista Inc., 16 Jun 2020, https://www.statista.com/statistics/788512/rental-price-growth-forecast-london/
Savills, Annual price change rate forecast of rentals in London from 2020 to 2024 Statista, https://www.statista.com/statistics/788512/rental-price-growth-forecast-london/ (last visited July 03, 2022)
